UniSuper Management Pty Ltd Has $4.85 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

UniSuper Management Pty Ltd increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,562 shares of the industrial products company’s stock after acquiring an additional 502 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Zebra Technologies were worth $4,852,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ZBRA. Cerity Partners LLC grew its position in shares of Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after buying an additional 3,328 shares during the period. Bank of Montreal Can boosted its stake in Zebra Technologies by 48.9% in the third quarter. Bank of Montreal Can now owns 76,050 shares of the industrial products company’s stock valued at $28,032,000 after acquiring an additional 24,969 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Zebra Technologies by 158.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock worth $37,356,000 after acquiring an additional 61,842 shares during the period. FMR LLC raised its position in shares of Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after acquiring an additional 265,014 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Zebra Technologies by 23.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 66,621 shares of the industrial products company’s stock valued at $24,671,000 after purchasing an additional 12,859 shares during the period. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Needham & Company LLC cut their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Barclays decreased their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Morgan Stanley cut their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Price Performance

ZBRA stock opened at $280.79 on Friday. The stock has a market cap of $14.43 billion, a PE ratio of 27.58 and a beta of 1.68. The stock has a 50-day moving average price of $332.18 and a two-hundred day moving average price of $365.64. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by insiders.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.